35 Indian stocks turn ex-record date this week; LIC, Asian Paints included

Around 35 Indian companies have announced record dates for various corporate actions scheduled for the upcoming week, according to market reports. The list includes major blue-chip stocks such as Life Insurance Corporation (LIC), Hindustan Unilever Limited (HUL), Asian Paints, and IndusInd Bank. These corporate actions encompass dividend payments, bonus share issuances, and share buyback programs. For investors to qualify and receive benefits from these distributions or new shares, they must hold the stocks in their portfolio on or before the specified record date. The announcement indicates that additional corporate action announcements may follow in the coming days as more companies finalize their plans.

Record dates serve as critical milestones in the equity calendar for Indian investors. When a company declares a dividend or bonus, it sets a record date to determine which shareholders are eligible to receive the benefits. Shares typically turn ex-date one business day before the record date, meaning investors purchasing shares on or after the ex-date will not be entitled to the announced corporate action. This weekly cycle of multiple corporate actions across 35 stocks highlights the active nature of Indian equity markets, with companies regularly returning value to shareholders through dividends and bonus issues. Investors tracking these calendar dates can better plan their portfolio positioning and ensure they capture intended corporate distributions. The involvement of heavyweight stocks like LIC, HUL, and Asian Paints makes this week particularly significant for dividend and bonus tracking in the Indian market.

Source: Markets-Economic Times